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velikii [3]
3 years ago
9

Different hotels in a certain area are randomly selected, and their ratings and prices were obtained online. Using technology, w

ith x representing the ratings and y representing price, we find that the regression equation has a slope of 130 and a y-intercept of 350. Complete parts (a) and (b) below.
a. What is the equation of the regression line? Select the correct choice below and fill in the answer boxes to complete your choice.
A ○ C.
b. What does the symbol y represent?
A. The symbol y represents the average price of hotels in the area.
B. The symbol ý represents the amount that price increases with a 1-point increase in rating.
C) The symbol y represents the predicted value of price.
D. The symbol y represents the expected price when the hotel's rating is 0.
Mathematics
1 answer:
mash [69]3 years ago
5 0

Answer:

Option C) The symbol y represents the predicted value of price.

Step-by-step explanation:

We are given the following in the question:

We find a regression equation with x representing the ratings and y representing price.

The equation has a slope of 130 and a y-intercept of 350.

Comparing with the slope intercept form:

y = mx + c\\\text{where m is the slope and c is the y intercept}

Thus, we can write the equation as:

y = 130x + 350

Here, y is the predicted variable that is the price, c is the price of hotel when a rating of 0 is given.

Thus, symbol y represents:

C) The symbol y represents the predicted value of price.

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B

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A stainless steel garbage can is in the shape of a right circular cylinder if its radius is 6 inches and it's volume is 864 pi i
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6 0
3 years ago
The present value of an ordinary annuity of​ $350 each year for five​ years, assuming an opportunity cost of 4​ percent, is​ ___
liubo4ka [24]
We can calculate it by PVOA table.
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as

PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
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4 0
3 years ago
What steps would you follow in order to solve the equation?
Ira Lisetskai [31]

Answer:

<h2>128</h2>

Step-by-step explanation:

Step one:

given the expression w/8 - 4 = 20

the first operation is to isolate the term that has w by adding 4 to both sides

w/8 - 4+4 = 20+4

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Required

the value of w

Step two:

the next step is to cross multiply

w=16*8

w=128

6 0
2 years ago
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